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1/16/25, 4:37 PM HyperPay Obtains License from the Saudi Central Bank to Expand Digital Payment Services in the Kingdom | Web Release

BUSINESS AND ECONO…

HyperPay Obtains License From The Saudi Central Bank To Expand

Digital Payment Services In The Kingdom

By Editor_wr On Jan 9, 2025

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In a move that strengthens the diversification and development of the financial sector in the Kingdom of Saudi Arabia,
the Saudi Central Bank (SAMA) has announced the granting of a license to HyperPay Inc. Saudi Arabia for Information

Systems Technology to operate digital payment services via an electronic wallet in the Kingdom. This license marks an
important step in enhancing the company’s position in the growing digital payments market in Saudi Arabia.

HyperPay is a leading company in the financial technology sector, aiming to support the transition to a less cash-

dependent society by offering innovative payment solutions and advanced financial services that meet market needs and
future aspirations.

Muhannad Ebwini, Founder and CEO of HyperPay said, said: “We are proud to have received this license from the

Saudi Central Bank, which represents a significant milestone in enhancing our leadership in the electronic payment
sector. Through this step, we aim to enable businesses to benefit from secure and seamless payment services, in line

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